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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

USD Surges on Jobs Numbers while Canadian Employment Disappoints

Published August 4, 2017
  • U.S. Non-Farm Payrolls showed an increase in job creation in July, beating estimates
  • Canadian Employment Change data, also released this morning, came in lower than anticipated
  • The Unemployment Rate in both countries was in line with forecasts
  • Oil prices are down this morning over concerns about U.S. production and soaring OPEC exports